GRANDLAND GROUP(SZ:002482)2025-05-22 11:34Industry Overview - The company operates in the construction decoration sector, which is a sub-industry of the broader construction industry. This sector includes public building decoration, residential decoration, and building curtain wall decoration [1] - The construction decoration industry is closely linked to the national economic development level, with rapid economic growth in China over the past decade providing a solid foundation for the industry [1] - The ongoing urbanization and related infrastructure demands ensure a continuous and expanding market for the construction decoration sector [1] Current Business Performance - Since 2024, the company has resumed normal operations, successfully undertaking several key projects, including the Shenzhen Xiaomeisha Seaside Park and Shenzhen Airport T3 [2] - The company regained its bidding qualifications and A+ ranking with the Shenzhen Municipal Engineering Department [2] - In 2024, the company signed new orders totaling CNY 1.871 billion, a 703% increase compared to 2023 [2] - In Q1 2025, new orders reached CNY 409 million, reflecting a 169% year-on-year growth from Q1 2024 [2] Technological Innovations - In 2024, the company established a Technology Committee and an Art Committee to enhance R&D and high-end design capabilities [3] - The company published local standards for prefabricated decoration and completed a provincial research project on green fast installation systems [3] - A total of 13 new patents were added in 2024, bringing the total to 253 [3] - The company is exploring AI applications, photogrammetry, and BIM technology to improve project lifecycle management and transition towards digital, intelligent, and green operations [3] Future Business Strategy - The company aims to maintain its core assets related to construction decoration and adhere to a development philosophy focused on "green, low-carbon, culture, and technology" [4] - Plans include enhancing the marketing system, focusing on urban renewal and overseas market expansion, and improving design-to-construction capabilities [4] - The company seeks to optimize asset operations, reduce maintenance costs, and strengthen cash flow management to enhance operational efficiency and profitability [4] - Increased investment in R&D and collaboration with external partners will be prioritized to foster innovation and drive business transformation [4]